Doriot was the father of venture capital. Venture capital is the fuel that spawned the Faang giants. They were once start-ups struggling in a garage. Its early funding came from VCs like Kleiner Perkins and Sequoia.
Georges Doriot, a university professor born 124 years ago, is not a household name. His death from lung cancer in 1987 long preceded the rise of the Faangs, which stands for the tech stocks that have dominated our lives. The acronym refers to Meta Platforms (formerly Facebook), Amazon, Apple, Netflix and Alphabet (formerly Google).
Mark Zuckerberg was only three years old when Doriot died. He is unlikely to have been moved by Doriot’s demise. However, Zuckerberg owes his success to Doriot’s vision.
